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Synovec Company is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next 3 years, with the growth rate

image text in transcribedimage text in transcribed Synovec Company is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 12 percent and the company just paid a $1.20 dividend. what is the current share price? $38.49 $40.06 $35.54 $39.28 $37.65

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